Reducing Risks and Costs with an Effective Cybersecurity Program [Graphic Recording]

June 30, 2016 - By: SC&H Group

While technology is essential to today’s business processes and operations, it also exposes companies to cyberattacks and corresponding risks. Therefore, cybersecurity measures should be consistent and current, matching the pace of technology adoption. The following graphic recording details the importance of partnering with a specialized consultant to implement a comprehensive cybersecurity program and risk-conscious culture.

New technologies are improving today’s core business processes and increasing collaboration. However, the easy accessibility and operational complexity of company networks are exposing organizations to ongoing security risks, such as data breaches, phishing and malware attacks, and exploits against database systems, servers, and websites.

When these attacks compromise the integrity of an organization’s network and valuable corporate data, hackers often discover a treasure trove of personally identifiable information (PII), including employee social security numbers, payment and financial records, protected health information (PHI), and intellectual property (IP).

Moreover, as the rate and sophistication of cyberattacks increase, organizations are prone to substantial reputational, financial, operational, compliance, and strategic risks. For example, a breach can result in regulatory and legal penalties if a company violates regulations governing PII and/or PHI.

Therefore, executives are focusing on keeping security measures on pace with technology to reduce the likelihood, costs, and corresponding risks of a cyberattack. Further, they are engaging specialized consultants to help develop, maintain, and promote a cybersecurity program that aligns with their values.

Ultimately, executives are working with consultants to establish an institution-wide, risk-conscious culture and maintain effective cybersecurity practices. By developing a comprehensive cybersecurity program, they are more securely offering the technology that employees want while protecting PHI, PII, and IP, reducing long-term costs, meeting compliance standards, and achieving organizational goals.

To learn more about how to improve the performance and security of your organization, click here for insights from SC&H Group’s IT Advisory Services team.

Interested in strengthening your IT security and learning how to prevent a ransomware attack? Contact Jeff Bathurst, Director of SC&H Group’s IT Advisory Services team, here.